IT REQUIRES ENORMOUS AMONTS OF ENERGY TO SUSTAIN IT and as a result petroleum and coal sales are increasing.
Crytocurrency is a wet dream that is assisting in the high prices of energy and completely unsustainable while conflicting with the best outcomes for Earth and it's people.
...The Digiconomist's Bitcoin Energy Consumption Index (click here) estimated that one Bitcoin transaction takes 1,544 kWh to complete, or the equivalent of approximately 53 days of power for the average US household.
To put that into money terms, the average cost per kWh in the US is 13 cents. That means a Bitcoin transaction would generate more than $200 in energy bills.
Bitcoin mining used more energy than Argentina, according to an analysis from Cambridge University in February. At 121.36 terawatt-hours, crypto mining would be in the top 30 of countries based on energy consumption....
The UK shuts down Cryto mining operations. They cause too much strain on the grid while being completely unsustainable in the real world attempting to end the climate crisis.
China has rejected cryptocurrencies and that could conceivably be a win for a greener country.
